Live Breaking News & Updates on Bankruptcy Court Equitable Powers

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In a small victory for landlords of bankrupt tenants, the Bankruptcy Court for the Southern District of Texas has ruled that the Chuck E. Cheese parent company may not use its bankruptcy filing to avoid paying its rent.
The COVID-19 pandemic and related stay-at-home orders have prompted numerous retailers and restaurants to seek bankruptcy protection. Many of those companies successfully used the bankruptcy process to obtain relief from their rental obligations. In the early days of the pandemic, some companies sought to “mothball” the bankruptcy by suspending the proceedings and the obligation to pay certain expenses, such as commercial rent, until the initial stay at home orders expired.[1] ....

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